ProShare Advisors LLC Buys 5,007 Shares of Marathon Petroleum Co. (NYSE:MPC)

ProShare Advisors LLC increased its position in shares of Marathon Petroleum Co. (NYSE:MPC - Free Report) by 8.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,898 shares of the oil and gas company's stock after purchasing an additional 5,007 shares during the quarter. ProShare Advisors LLC's holdings in Marathon Petroleum were worth $9,332,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in MPC. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Marathon Petroleum in the 4th quarter worth approximately $27,000. Asset Planning Inc acquired a new position in Marathon Petroleum in the 4th quarter valued at $28,000. Sierra Ocean LLC acquired a new position in Marathon Petroleum during the 4th quarter valued at $31,000. Cape Investment Advisory Inc. boosted its stake in Marathon Petroleum by 762.9% during the fourth quarter. Cape Investment Advisory Inc. now owns 302 shares of the oil and gas company's stock worth $42,000 after buying an additional 267 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of Marathon Petroleum in the 4th quarter worth approximately $44,000. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Trading Down 0.5%

MPC traded down $0.81 during trading on Tuesday, reaching $161.46. 1,431,691 shares of the stock traded hands, compared to its average volume of 2,708,944. The stock has a market capitalization of $49.60 billion, a PE ratio of 16.26, a P/E/G ratio of 3.11 and a beta of 0.87. Marathon Petroleum Co. has a 12 month low of $115.10 and a 12 month high of $183.31. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The stock's 50-day moving average is $140.75 and its 200 day moving average is $145.81.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.40) by $0.16. The firm had revenue of $31.85 billion during the quarter, compared to analysts' expectations of $28.91 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The business's revenue was down 4.1% on a year-over-year basis. During the same period last year, the company earned $2.58 earnings per share. Equities analysts anticipate that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a yield of 2.25%. Marathon Petroleum's dividend payout ratio (DPR) is presently 51.20%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MPC shares. Piper Sandler dropped their target price on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Morgan Stanley lowered their price target on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Scotiabank reduced their price objective on shares of Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Barclays raised their price target on shares of Marathon Petroleum from $141.00 to $159.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Finally, Wells Fargo & Company increased their price target on shares of Marathon Petroleum from $175.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $175.29.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, insider Ricky D. Hessling bought 2,000 shares of Marathon Petroleum stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $134.72 per share, with a total value of $269,440.00. Following the completion of the purchase, the insider now owns 12,162 shares of the company's stock, valued at approximately $1,638,464.64. This represents a 19.68% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Evan Bayh bought 1,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the purchase, the director now directly owns 69,305 shares in the company, valued at approximately $9,266,078.50. This represents a 1.46% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.21% of the company's stock.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.